Tuesday, January 31, 2023

NTPC Depicts Sustainable Transition Of The Indian Power Sector At Nurture Nature Exhibition At Bengaluru


As a part of the G20 summit, NTPC Ltd., the country’s largest integrated energy company, is showcasing its sustainable transition towards Green Energy by participating at the Nature Nurture Exhibition, being held at Bengaluru between 29th to 31st January 2023.

Shri Alok Kumar, Secretary, Ministry of Power, visited the NTPC stall on 30th January and appreciated the innovative installations. Earlier, the NTPC stall was inaugurated on 29th January by Shri S.N. Sahai, Director General, Power Foundation and Shri Vivek Dewangan (IAS), CMD REC. Shri Harjit Singh, CGM (CC), NTPC welcomed the dignitaries at the NTPC stall.

The exhibition depicts NTPC's glorious journey in building the Indian power sector and its transition towards renewable energy sources. The interactive installation kept the visitors engaged and was appreciated by all.

A hologram projection showcased the transitional journey of NTPC through various renewable energy projects across India. A timeline on a wall, showcasing NTPC's rich history since its inception in 1975, is the prime attraction at the stall.

The 'Power Run Game' became a crowd puller for all those present at the exhibition. Children and adults alike were seen competing in the interactive game. Winners of this game were awarded with a bobblehead of the NTPC Safety Mascot ‘Kawach'.

To make the stall interactive, a catapult pledge wall has also been installed to encourage people to conserve energy in their daily lives.

Combining creativity with technology, the NTPC stall displayed the various sustainable initiatives undertaken by it, through panels, corporate films, gesture-flipbook, games, brochures, etc.

Netflix Celebrates Iconic Film-Maker Yash Chopra & Yash Raj Films’ Rich Cultural Legacy In A New Docu-Series Titled 'The Romantics’!


The star-studded, four-part docu-series will feature 35 leading voices of the Hindi film industry and dive into the history of Bollywood through the lens of YRF’s impact in making Bollywood a household name globally

Netflix, one of the world’s leading entertainment services, will globally celebrate legendary film-maker Yash Chopra & Yash Raj Films’ rich cultural legacy of 50 years in a new four-part docu-series titled 'The Romantics’!

The global streaming giant will release the trailer of the docu-series tomorrow.  The docu- series will release in190 countries and will also be subtitled in 32+ world languages, given the reach of Bollywood across the world and the impact that YRF has had in shaping the equity of Hindi film industry worldwide for 50+ years. 

Netflix will globally release The Romantics on Feb 14, 2023 as a tribute to Yash Chopra, who is regarded as the ‘Father of Romance’ in India because of his iconic romantic films like Silsila, Lamhe, Kabhi Kabhie, Veer-Zaara, Dil To Pagal Hai, Chandni, Jab Tak Hai Jaan, etc.

The Romantics has been directed by Smriti Mundhra, who returns to Netflix after the phenomenal success of Indian Matchmaking and the Never Have I Ever franchise. The Oscar & Emmy-nominated film-maker’s docu-series, The Romantics, will open up the year for Netflix’s unscripted slate in India in 2023.

The star-packed docu-series will feature 35 leading voices of the Hindi film industry, including the mega-stars who have closely worked with YRF through its existence, and dive into the history of Bollywood through the lens of YRF’s impact in making Bollywood and it’s leading stars a household name globally.

Sharing details on the collaboration, Monika Shergill, VP - Content, Netflix India shares, “Fondly remembered as The King of Romance, Yash Chopra’s films brought in a new wave of emotion, individualism and cultural change to Hindi cinema and helped turn one of the biggest film industries in the world into what it is today. In celebration of the iconic songs, stories and the nostalgia, we’re partnering with the creative powerhouses, YRF and Smriti Mundra to bring The Romantics to our global audiences. The gripping documentary series is the real and definitive story of Yash Chopra and his son Aditya Chopra’s journey to building a world class studio and will give our viewers a glimpse into the lives of one of the most influential families in Bollywood film history.”

YRF is currently at an all-time high as their latest release Pathaan, the fourth film of YRF’s Spy Universe is running riot at the global box office and has shattered every collection record held previously in the Hindi film industry. YRF is home to some of the biggest blockbusters that Indian cinema has ever witnessed like Dilwale Dulhania Le Jayenge, War, Sultan, Ek Tha Tiger, Tiger Zinda Hai, Rab Ne Bana Di Jodi, Mohabbatein, Dhoom franchise, to name a few. It has also produced landmark content forward iconic hits like Chak De! India, Dum Laga Ke Haisha, Mardaani, Band Baaja Baarat, to name a few.

ONE Muthoot Launches ‘Gold Loan From Home’ In Five Cities


* After Bangalore, Gold Loan From Home (GLFH) Comes To Mumbai, Kolkata, Trivandrum & Kochi

* A total of 50 plus tier 1 and metro cities are planned to be added by the end of 2023

ONE Muthoot, an SBU of Muthoot FinCorp Ltd., recently launched Gold Loan From Home (GLFH) in Mumbai, Kolkata, Trivandrum & Kochi, in addition to its current operations in Bangalore. This is a first of its kind offering from the Muthoot FinCorp Ltd.

The introduction of GLFH gives customers complete control over their finances and avail Gold Loans like never before. Through this service, customers can easily apply for and obtain Gold Loans from the comfort of their own homes.

Along with Muthoot Fincorp’s 3600+ branches pan India, customers now have the option to avail Gold Loans From Homes in these five cities.The company plans to take this service to 50 plus tier 1 and metro cities by the end of 2023. This unique phygital approach by ONE Muthoot, prioritises customer needs and ensures maximum convenience, security and safety for all.

Chandan Khaitan, Chief Executive Officer, ONE Muthoot, said, “Our vision at ONE Muthoot is to provide a one-stop solution for all financial needs of individuals and MSMEs. We aim to transform the Indian lending sector by using data backed phygital approach. With GLFH we aim to carry forward the Muthoot Pappachan Group (MPG) group’s philosophy of keeping the customer at the centre of all our offerings, by providing them with a digital first, easily accessible service.”

He further added, "With our recent city launches for GLFH in Mumbai, Kolkata, Trivandrum and Kochi, we believe that this offering will provide delight to our customers and allow them to use Gold Loan service at their convenience, from the comfort of their homes like never before.”

Bangalore was the first city to pilot GLFH in August 2022. Following its success, ONE Muthoot planned to expand it to four more cities. Bangalore, Mumbai, Kolkata, Kochi, and Trivandrum are the cities where GLFH is currently available. A total of 50 plus tier 1 and metro cities are in the pipeline to be added by the end of 2023 according to ONE Muthoot.

With the introduction of GLFH, ONE Muthoot is all set to revolutionise the Indian lending industry and democratise financial inclusion and access for all.

About ONE Muthoot

ONE Muthoot, as an SBU of Muthoot FinCorp Ltd., is creating a unique, transparent financial ecosystem through digital products across our services. It is on its way to building a holistic financial ecosystem using the latest digital products for lending, saving and investing, protection and remittances. Gold Loans From Home (GLFH) is the latest offering with more to be added soon.

Muthoot FinCorp is a part of the Muthoot Pappachan Group (Muthoot Blue) with 3600 plus branches across the country.

The Muthoot Pappachan Group (Muthoot Blue), is among India’s most reputed names in the Financial services industry, with customers in diverse segments like Automotive industry, Financial Services, Hospitality, Alternate Energy, Real Estate, and Precious Metals.

Shyam Steel Launches Its “New Digital Campaign Featuring Sonu Sood” Across Indian Market


* The digital film is the continuation of Shyam Steel’s "Maksad Toh India Ko Banana Hai" campaign 

Shyam Steel one of leading producers and manufacturers of primary TMT Bars launched its new digital campaign featuring Sonu Sood. The new film is the extension of Shyam Steel’s "Maksad Toh India Ko Banana Hai" campaign. The campaign reinforces the brand philosophy which reiterates that Shyam Steel will assist people in achieving their dream as steel is just an offering, but the bigger goal is to build the nation. The campaign has been directed by Piyash Ghosh from Bang On Content.  

Through the campaign, Shyam Steel, represents strength, flexibility, and faith of the masses with the thought that steel is just an offering but building the nation is the larger goal. Achieving one’s dream epitomises perseverance, strength, and determination, which are also affiliated with Shyam Steel’s core brand philosophy and reflects the thought of building a progressive and developing nation. The balance of strength and flexibility keeps the foundation of the relationship strong which is also affiliated with Shyam Steel TMT bars.  

The digital film showcases Sonu Sood as the protagonist architect and takes us through a journey of an Indian household where people across different ages, cultures, castes, tastes, ethnicities, and aspirations dreams to stay together in the house to form one big and successful family. The campaign showcases the brand as the harbinger of a growing and developing India. When one’s dreams are built upon strong foundation, like steel, they sustain for a long-long time. Similarly, when houses are built with Shyam Steel flexi-strong TMT rebars, such houses are more sustainable 

Speaking on the TVC campaign launch, Mr Lalit Beriwala, Director, Shyam Steel said “We at Shyam Steel aim to build the nation by assisting people in building their dreams. The digital film reflects the brand's thought in connection with Sonu's exemplary work in assisting people achieve their dreams and pave way towards a progressive and unified nation. The campaign will help the brand to build a stronger connection with its target audience in the national market." 

Speaking on the ideation of the campaign Mr Piyash Ghosh from Bang on Content said “This film is very close to our hearts because it is made not just for Shyam Steel but also for our nation. As one of India’s leading steel brands, the idea was to communicate that the brand is not just about TMT rebars but considering its legacy, it was about taking a much larger platform of the brand contributing towards a developing India. Using a metaphor of a modern home, the film visualizes India where diversity, culture, science and technology, hopes and dreams are built and achieved - brought to life by a perfect performance of actor, humanitarian and change maker Sonu Sood.” 

Sonu Sood has become the heartthrob and role model of the nation through his humanitarian effort to help out the people in dire straits throughout the nationwide lockdown. The association between Sonu Sood and the brand reflects upon the same core value, i.e., helping people realize their dreams and build long-term relationships. The film will be promoted heavily across all digital platforms targeting the key market areas for Shyam Steel.  

Shyam Steel with an annual turnover of Rs 4,500 crores is now on a steady expansion mode. The Company, an integral partner of building new India, is committed to meaningfully contribute to the realization of the target of 300 million tonnes steel production by 2030-31. The brand is associated with Virat Kohli and Anushka Sharma as the face of the company in addition to having Sonu Sood as its Build India Brand Ambassadors.  The company has also recently launched the Shyam Steel Apna Ghar app to provide consumers with hassle-free purchase of TMT bars and to boost the sales of their dealer distributor network. 

Link to the film: (12) Shyam Steel India | TVC | Sonu Sood - YouTube 

HiLabs Offers The “Highest Salary Package Of Rs 2 Crore In Their Campus Hiring To A Woman Candidate” From A Top Business School


~  HiLabs has made a record number of 27 job offers at prominent IITs and ISB (Indian School of Business), during campus hiring ~ 

HiLabs, a leading provider of artificial intelligence-based data analytics solutions for health plans in the United States has offered a 2 crore salary package to a woman candidate at India’s top business school. The international offer was made on the first day of campus recruitment. During campus hiring for 2022, the company offered a record-breaking 27 offers to highly regarded IIT and ISB students.  

A total of three international offers have been made across campuses for hires to join HiLabs' headquarters in the Washington, DC metro area.In addition to the ?2 crore international offer to a woman candidate, the company has offered ISB students salaries between ?40 to ?60 Lakhs per annum with ESOPs for their India office locations. Also, the IIT India and US offers ranged from ?29 to ?80 lakhs per year for candidates who were hired to join any of the data science, engineering and product management teams at HiLabs. 

Amit Garg, Chief Executive Officer and Co-Founder at HiLabs said, “Placements are a quantifiable way to measure the quality and value add of students who attend and thrive at an academic institution. We are delighted that HiLabs has performed well in the placements, resulting in record-breaking job offers to these highly skilled and qualified indivdiuals. We are proud to have the ability to go on a hiring spree now,  helping students find great opportunities despite the current job market, which has seen large-scale layoffs and an economic slowdown across the tech industry.  HiLabs' record breaking campus employment is being driven by our exponential growth and unique culture, which includes giving our fresh graduates opportunities to address real-world challenges on day one and to accelerate their experience and career development. HiLabs is focused on improving data quality. To date, we have evaluated over 36 billion health data records and assisted health plans in detecting and correcting over three million data errors related to provider directories, clinical data, claims operations and value-based care. Those who join HiLabs are highly qualified and understand how to approach challenges in a proactive and innovative manner by utilising some of the most advanced technology”. 

These new hires will immediately begin working with HiLabs' AI-powered data quality platform, MCheck™, to assist health plans to recover billions in lost productivity due to data quality issues. HiLabs has made a total of six product management offers, including an international offer at the Indian School of Business (ISB) campus in Hyderabad, a significant increase from previous years. 

HiLabs is combining cutting-edge, explainable AI with healthcare-specific business ontologies to vastly improve data quality for its health plan clients across provider data, payment accuracy, clinical interoperability, and value-based care. This unique and valuable approach has earned HiLabs business with three of the five largest US health plans. HiLabs core platform, MCheck™ has performed analysis on over 36 billion health data records, covering over one-fifth of the US insured population. It proactively detects and corrects data errors throughout the health plan enterprise, improving operations and analytics, resulting in significant cost savings and revenue growth opportunities. 

Adidas Originals Opens Its First Store In Lucknow At The Lulu Mall


Adidas Originals, the German sportswear giant, recently opened its first store in Lucknow, Lulu Mall. The 1350-square-foot store will feature Originals' latest collections, including Superstar, Stan Smith, NMD, EQT, Crazy, and Forum, among others. The store is organised so that there are dedicated zones for categories such as women, kids, men, outdoors, and originals. This is Adidas Original’s first ever store at Lucknow, Uttar Pradesh.

Sameer Verma, General Manager, Lulu Mall, Lucknow said “We are honoured to be chosen as the preferred retail location for Adidas Originals' first store in Lucknow. We share their vision of a creative and engaging retail experience that will captivate customers and transform into an immersive brand experience. Adidas has always been at the forefront of innovation as a brand, and this store will undoubtedly become a favourite shopping destination for the people of Lucknow."

Adidas Originals is a lifestyle brand founded in 2001 that is inspired by the rich sporting heritage of Adidas, one of the world's leading sports brands and global designer and developer of athletic footwear and apparel. Adidas originals continues to lead the way as the pioneering sportswear brand for the street, marketed by the iconic Trefoil logo that was first used in 1972, and championed by those who continue to shape and define creative culture.

Kotex Encourages Young Women To #ChooseItAll For Healthy Period Protection


Kimberly Clark’s Kotex, a leading global menstrual hygiene brand, has recently launched a superior, premium innovation in India called the Kotex Prohealth+ sanitary pads. Kotex relaunched in India in May 2022 with their innovative Overnight Period Panties range. Eight months hence, Kotex is back with their latest offering, Kotex Prohealth+, that allows consumers to #ChooseItAll, to not trade off or make compromises on their sanitary protection.

On the launch, Saakshi Verma Menon, Marketing Director, Kimberly – Clark India, said, "As pioneers in feminine hygiene globally, we always encourage women to challenge misconceptions about periods. At Kotex, we don’t just make pads, we actively identify problems women face when it comes to periods and tackle them with revolutionary solutions. We realized women today are choosing leak-free pads but bearing rashes or some are choosing a soft rash free pad but dealing with wetness. Come on, it's 2023! Why can't women just #ChooseItAll? Hence, we are delighted to announce the launch of Kotex ProHealth+ sanitary pads in India. This disruptive new product will end the old cycle of choosing between singular benefits and give young girls a chance to elevate to Healthy Period Protection. We are optimistic that Kotex ProHealth+ will win the hearts and minds of our consumers in India, and we look forward to its commercial success.”

To mark this launch, Kotex has rolled out a 360 degree marketing campaign #ChooseItAll on multiple digital and offline touchpoints. Conceptualized by Ogilvy India, the campaign encourages young women to rethink their current period protection choices and elevate to healthy period protection.

On the campaign idea, Tanuja Bhat, Senior Executive Creative Director at Ogilvy India said, “Kotex is about revolutionizing period solutions and prioritizing period health. It believes that girls should not have to choose from options that make them adjust - be it in their lives or their sanitary pads. They should feel free and empowered to walk away from unhealthy things and situations. The campaign line 'I choose it all, I am the change' reflects and celebrates that exact sentiment. With a disruptive period solution that truly delivers what it claims, we aimed at creating a campaign that is carries the same disruption in terms of targeting, touchpoints, and mediums. While typically any product directed at digital natives sticks to the setting of social media, we managed to translate the statement of 'Choose It All' with an integrated approach across new age platforms."

This campaign, targeted at digital natives, has been rolled out on almost all relevant Gen Z touchpoints. Shekhar, Chief Client Officer & Office Head, West, Wavemaker South Asia said “To make a mark in a highly cluttered market it was critical we stand distinct and yet be precise. A lot of science, unique partnerships and long debates has gone behind mounting this disruptive campaign. The media plan has been created keeping in mind the Gen Z consumer’s media habits and ensuring we target them at multiple touchpoints that they are present on. In this campaign, traditional media platforms have taken a backseat and the new age channels are being used to reach the consumers base.” 

Kotex ProHealth+ is created to change the period game with its superiority of being an All-in-1 product offering anti-leakage, anti-wetness, anti-rashes, anti-itchiness, and anti-odour sanitary pad. It also has a quick dry core, 5-layer absorption with a wide back, super soft protection wings and sides, and green tea fragrance. The product has tested well with consumers with 98% of girls recommending the product for healthy protection during periods.

Kotex ProHealth+ is now available in 100+ cities across general and modern trade and on leading e-commerce platforms.

Link to the film: https://www.youtube.com/watch?v=KI837Z7Ns3c

STT GDC India Partners O2 Power For The Supply Of Renewable Energy To Data Centre In Bengaluru


* O2 Power will supply renewable energy from its Wind-Solar Hybrid (WSH) project of 201.1 MWac in Karnataka

* India’s leading data centre operator will rely primarily on renewable energy to continue its prudent growth

* Having pledged carbon-neutral data centre operations by 2030, STT GDC India has already achieved ~36% renewable usage across its business and is working towards increasing this to ~60% over the next 4 years

* With 21 operational facilities across nine cities, this commitment towards renewable energy is one of the largest in the country by a data centre operator

ST Telemedia Global Data Centres India Private Limited (STT GDC India) today announced a partnership with O2 Renewable Energy (IV) Private Limited, a subsidiary of O2 Energy SG Pte. Ltd., Singapore (henceforth referred to as O2 Energy) to obtain renewable energy under a captive structure. This renewable energy will power STT GDC India’s Bengaluru facility in the state of Karnataka.

Announcing the partnership, Sumit Mukhija, CEO at STT GDC India said, "Environment, Social and Governance are at the core of whatever we do as we continue to contribute towards achieving inclusive and responsible growth. From designing and constructing green buildings to tapping renewable energy and implementing innovative and efficient cooling technologies in our data centres, sustainability remains an imperative as we grow and expand.  We firmly believe that sustainability is a responsibility that we share with our partners, customers and government and will work closely with these stakeholders as we strive to achieve carbon-neutral data centre operations across our facilities in India by 2030. This partnership with O2 Power, one of India’s leading renewable energy platforms, further demonstrates our resolve in adopting and promoting sustainable best practices in our facilities and steering the overall sector in the same direction. We are also actively collaborating with regulators, government and energy generation firms and exploring opportunities and frameworks eventually achieve carbon-neutral data centre operations across our facilities in India by 2030

Rakesh Garg, co-founder and head of wind vertical, O2 Power said: "STT GDC India is a prestigious client in O2 Power’s growing C&I portfolio. This strengthens customer confidence in our execution and delivery capabilities. O2 Power is geared towards making green and clean power available to businesses across scale, size and segment.”

Following its ESG Strategy, STT GDC India is committed to operating carbon-neutral data centres by 2030. Additionally, as part of its sustainability efforts, STT GDC India currently sources about 36% of the energy used in all of its facilities from renewable sources, making it one of the largest users of renewable sources among data centre operators in India. By 2026, we expect to achieve a yearly reduction of over 380,000 tonnes of CO2 emissions through a combination of our best practices and operational excellence, and cooperation with renewable energy suppliers and partners including O2 Power. This carbon reduction is equivalent to eliminating almost 25,000 passenger cars from the roads in a single year. The company is working towards taking the share of renewable energy to ~60% over the next four years.

About STT Global Data Centres India Private Limited

STT Global Data Centres India Private Limited, is a majority-owned subsidiary of ST Telemedia Global Data Centres, Singapore. Since 2004, STT GDC India has been managing the country's largest raised floor area and with ~200MW of critical IT load with now 21 facilities across 9 major cities Delhi, Mumbai, Bengaluru, Hyderabad, Chennai, Kolkata, Ahmedabad, Pune and Noida, serving over 1,000 customers including many Fortune 500 companies and over 30% market share revenue. Its mission-critical solutions comprise best-in-class offerings, delivering industry-leading uptime to its customers.

About O2 Power

O2 Power, a renewable energy platform backed by EQT Infrastructure and Temasek is one of the fastest-growing renewable platforms in India with signed PPAs of about 2 GW in aggregate, and a commissioned 250 MW solar project in Jaisalmer, Rajasthan.

Epson And Designer Yuima Nakazato Show A Glimpse Of A More Sustainable Future For Fashion


* Partnership combines inkjet and dry fiber technologies to create stunning designs from recycled clothing 

Epson, a world leader in digital and printing solutions, today announced a partnership with renowned Japanese fashion designer Yuima Nakazato and his eponymous YUIMA NAKAZATO brand at Paris Haute Couture Fashion Week Spring - Summer 2023 to unveil creations that are both stunning and sustainable. In addition to utilizing Epson’s digital textile printing to reproduce his unique and creative worldview, YUIMA NAKAZATO realized some of its creations with the help of a new, more sustainable and potentially industry-transforming textile production process. 

Epson’s dry fiber technology, which is already used commercially to recycle office paper and which requires virtually no water, has been adapted to produce printable non-woven fabric from used garments. The new fabric production process was revealed in Paris as part of a three-year collaboration between Epson and YUIMA NAKAZATO and was used in the creation of items for the first time during the latter’s runway show at the Palais de Tokyo on January 25, 2023.

The collaboration between Epson and YUIMA NAKAZATO builds on the success of the company’s printing support for his couture and evolves the level of his creations to enable the low-impact production of high-quality custom garments. Both Epson and YUIMA NAKAZATO are keen to raise awareness of the water and material waste associated with excess production. The Paris Show illustrates how switching to digital textile printing using more environmentally friendly pigment inks offers the fashion industry a more sustainable and less wasteful means of textile printing.

The fabric taken to create the latest YUIMA NAKAZATO fashion line was derived from material from used garments sourced from Africa, the destination for many discarded garments from elsewhere in the world. Nakazato visited Kenya where he collected around 150 kg of waste garment material destined for the “clothes mountain” of discarded textiles he encountered there. Epson then applied its dry fiber process to produce over 50 metres of new re-fiberised non-woven fabric, some of which was used for printing with pigment inks with Epson’s Monna Lisa digital printing technology.

Hitoshi Igarashi from Epson’s Printing Solutions Division explains the importance of the technology: “Although in its early stages, Epson believes its dry fiber technology combined with pigment ink digital printing could offer the fashion industry a much more sustainable future, significantly reducing water use while allowing designers the freedom to fully express their creativity.

“Epson’s Environmental Vision is committed to contributing to a circular economy, and this development could be one step towards achieving this. Dry fiber technology applied to the fashion industry offers the possibility of producing material for new clothes that have been recycled from used garments.” 

In a trial of distributed printing for venue decoration, Epson inkjet printers in Japan and France with remote support from Epson engineers were used to create decorations in the venue space. Both Epson and YUIMA NAKAZATO intend to continue exploring the possibilities for contributing to a more sustainable fashion industry.

About Epson

Epson is a global technology leader whose philosophy of efficient, compact and precise innovation enriches lives and helps create a better world. The company is focused on solving societal issues through innovations in home and office printing, commercial and industrial printing, manufacturing, visual and lifestyle. Epson will become carbon negative and eliminate the use of exhaustible underground resources such as oil and metal by 2050.

Led by the Japan-based Seiko Epson Corporation, the worldwide Epson Group generates annual sales of more than JPY 1 trillion.  www.global.epson.com/

About Epson India

Epson India Pvt. Ltd. was incorporated in the year 2000. Epson products address the needs of homes, businesses and commercial enterprises as those of consumers with specialized needs in India. With a commitment to providing products and services that surpass people’s expectations, Epson India today has an enviable reputation for quality and value. Headquartered in Bangalore, the company markets and supports Epson Inkjet Printers, Inkjet All-in-Ones, Point of Sale Printers, 3LCD Projectors, Scanners, Large Format Printers, Robots and Dot-Matrix Printers. In all of these categories, Epson is either the No. 1 or No. 2 brand in India and growing fast. https://www.epson.co.in/

Sabre Corporation Named Among Best CEO And Best Company Culture Winners By Comparably


Sabre Corporation (NASDAQ: SABR), a leading software and technology provider powering the global travel industry, recently received the Best Company Culture award and Best CEO award from Comparably, a workplace culture site and corporate brand reputation platform. Sabre was rated in the top 50 in these categories among 70,000 companies.

The award for Best CEO is determined based on the ratings employees give to the company’s chief executive and Best Company Culture is based on employee feedback across 16 different categories including leadership, team, environment, compensation, career growth, perks & benefits, work-life balance and company outlook.

“Culture starts with leadership so it makes sense that Sabre would have the honor of earning both of these prestigious awards,” said Shawn Williams, Sabre’s chief people officer.

Sean Menke joined Sabre in 2015 as President of Sabre Travel Network and is currently the Chairman and CEO. Under Menke’s leadership, Sabre has made strategic improvements to be held as the premier global technology platform in travel, serve as a great partner for its customers and further establish itself as an employer of choice.

“During his career in the travel industry, Sean has consistently led the way for change, challenging the status quo to help the industry evolve and find the best path toward the future of travel,” said Williams. “Like the rest of the travel industry, Sabre faced many challenges over the past few years, and, thanks to Sean’s steady and forward-thinking leadership, we are better positioned today for the future.”

Underpinning Sabre’s culture is the company’s commitment to its customers and to its team members. The company fosters an inclusive environment, where team members – with their wide and rich variety of differences – can bring their full selves to work, contribute their best and feel a sense of belonging. Additionally, Sabre’s Work From Anywhere policy and company-wide year-end break demonstrate the organization’s best-in-class culture.

Williams elaborates, “Sabre leaders are dedicated to their team members, provide transparent communication and have a relentless focus on team success. This well-deserved recognition is a testament to our leaders and team members’ passion for Sabre and to each other.”

About Sabre Corporation

Sabre Corporation is a leading software and technology company that powers the global travel industry, serving a wide range of travel companies including airlines, hoteliers, travel agencies and other suppliers. The company provides retailing, distribution and fulfilment solutions that help its customers operate more efficiently, drive revenue and offer personalized traveller experiences. Through its leading travel marketplace, Sabre connects travel suppliers with buyers from around the globe. Sabre’s technology platform manages more than $260B worth of global travel spend annually. Headquartered in Southlake, Texas, USA, Sabre serves customers in more than 160 countries around the world. For more information visit www.sabre.com.

Monday, January 30, 2023

The world's Largest Esports Festival Is Coming Back This Summer – With More Than Double The Prize Pool


·       Gamers8: The Land of Heroes begins on July 6, with eight weeks of incredible action

·       The eyes of the esports world will be on Riyadh as the biggest esports competitions are combined with big-name concerts, festivals, community gaming, and more

From the archive: Gamers8 festival 2022 

Gamers8, the biggest esports and gaming festival worldwide, is returning this summer even bigger and better – with a world record prize pool in excess of $30 million, more than double last year’s grand prize total.

Entitled Gamers8: The Land of Heroes for the 2023 season, the eight-week entertainment extravaganza makes a triumphant return on Thursday, July 6 – so make a notification of the date now, and don’t miss out. The big date will blast off a superb summer jampacked with the biggest esports competitions, live music from star names, as well as festivals, shows, community gaming, education platforms, and fun-filled activities for all ages.

Gamers8: The Land of Heroes follows the success of last year’s Gamers8 at Boulevard Riyadh City. Gamers8 2022 saw the world’s best teams and players battle it out across five top titles – Rocket League, Dota 2 Riyadh Masters, Fortnite, Tom Clancy’s Rainbow Six Siege, and PUBG Mobile – for a prize pool of $15 million.

And with bigger and better absolutely guaranteed at Gamers8: The Land of Heroes, full details of this summer’s elite competitions and entertainment calendar will be released in due course.

Prince Faisal bin Bandar bin Sultan, Chairman of the Saudi Esports Federation, said: “Gamers8: The Land of Heroes is going to be the destination this summer and we are delighted to once again be welcoming the elite of the esports world to Riyadh.

“The Land of Heroes is the place for world-class esports champions and gaming universe lovers. It is the ultimate occasion where you can compete for glory and become a hero walking among the worlds of your chosen story.

“Showcasing the most popular titles on the planet will be amplified even further this summer. To be frank, when we mean bigger and better this summer – we truly mean it. We cannot wait to reveal what we have in store for Gamers8: The Land of Heroes.”

Gamers8 in 2022 succeeded in bringing the virtual world of esports and gaming out into the physical realm of Riyadh, a city which was the ideal setting for an ultra-modern festival with big ideas and big ambitions.

Just some of the highlights from Gamers8 2022 include:

1.4 million visitors

132 million people watching the elite competitions

392 professional players

113 international professional teams – including Team Falcons, PSG LGD, FURIA Esports, and FaZe Clan

61 nationalities represented

Eight nights of music at the NXTLVL Arena at Boulevard Riyadh City throughout the summer that brought in an incredible total of 74,670 ticketholders, who enjoyed performances from 19 global artists, 10 Arab artists, and 17 local Saudi artists

Gamers8 concluded last summer with the Next World Forum, an esports and gaming forum in Riyadh that brought together sector leaders and experts from around the world, to host first-of-a-kind discussions shaping the future of the booming industry.

Gamers8: The Land of Heroes will similarly conclude with the Next World Forum, with full details to be released in due course.

About “Gamers8 – The Land Of Heroes”:

Gamers8 is the world’s largest esports and gaming festival and the destination for elite esports champions and gaming universe lovers. It’s the ultimate place to compete for glory and become a hero walking among the worlds of your chosen story. Located in Riyadh at the heart of Saudi Arabia, Gamers8 spans a period of eight weeks from July to September 2023, with new challenges and experiences unlocked every week. You can watch the world’s top esports teams compete for the highest prize pools, attend performances by global music artists, experience your favorite gaming platforms come to life, and learn the mysteries behind the creation of video games. Gamers8 is your world and it’s your adventure to choose.

“Gamers8: The Land of Heroes” follows the success of last year’s Gamers8 at Boulevard Riyadh City. Gamers8 2022 saw the world’s best teams and players battle it out across five top titles – Rocket League, Dota 2 Riyadh Masters, Fortnite, Tom Clancy’s Rainbow Six Siege and PUBG Mobile – for a prize pool of $15million. The 2022 event was visited by more than 1.4 million visitors and watched by more than 132 million people around the globe. A total of 391 professional players – representing more than 61 nationalities – and 113 international teams took part in the world-class esports competitions.

Gamers8: The Land of Heroes has a total prize pool of over $30 million – more than double last year’s grand prize total – and will host the elite of esports in a state of the art, purpose-built venue at Boulevard Riyadh City. The festival will conclude with a gaming and esports forum, known as “The Next World Forum”, that brings together sector leaders and experts from around the world.

Blue Dart’s Quarter 3 Sales At Rs 1,337 Crore Up By 6.6%; EBITDA Margin At 12.3%


Blue Dart Express Limited, South Asia's premier express air, integrated transportation and Distribution Company, declared its financial results for the quarter ended December 31, 2022, at its Board Meeting. 

The company posted Rs 86.93 crore profit after tax for the quarter ended December 31, 2022 (previous year, profit after tax for the corresponding quarter was Rs122.18 crore). Revenue from operations for the quarter ended December 31, 2022 stood at Rs1,337 crore with a growth of 6.6% over the same quarter from the previous year. EBITDA for the quarter is Rs 64.53 crore, EBITDA margin stood at 12.3%.  

Consolidated revenues during the quarter stood at Rs 1,337 crore  with a growth of 6.6% over previous year same quarter. EBITDA for the quarter is ?237 crore. Consolidated Revenues for the nine month period stood at Rs 3,956 crore with growth of 22% over previous year. EBITDA at Rs 762 crore. Consolidated EBITDA margin for the nine month period stood at 19.25%.  

During the quarter, the geo-political scenario continues to remain volatile. International crude prices and foreign currencies specifically witnessed high volatility which is leading to high inflationary ecosystem. Higher ATF prices, Forex volatility and correction in minimum wages continue to keep the costs at escalated levels. Further, the company has been working on enhancing its package handling capacity  both on air and ground to handle increased volume and improve service quality. 

Balfour Manuel, Managing Director, Blue Dart says, “We look forward to embarking on a journey with newer challenges, delivering the best services through reach and best in class transit time. With a focus on Bharat we are expanding our  presence in Tier II & III markets. We have about 700 retail stores(with DHL) across India, offering customers a quick turnaround time and an enhanced direct reach to pin-codes in the country. Additonally, we plan to set up about 100 new stores in the near future to aggressively expand our channel footprint.”   

The company continued to deliver excellence across the wide gamut of solutions that it offers to industries. Its exceptional service quality remains one of Blue Dart’s major pivots, alongside automation and technology, towards providing customers with a seamless one-stop solution for all their logistics requirements. We carried 24.56 crore shipments weighing 880,370 tons during the nine month period ending December 31, 2022. 

At Blue Dart, technology has played a major role and the pandemic has only catapulted innovation on this front. As part of the DPDHL Group, ‘Strategy 2025 – Delivering Excellence in a Digital World’ is an important aspect for the company and various initiatives have been taken to ensure lean operations that helped ramp up and achieve high service levels at short notice, such as our reverse shipments program. 

Hero Motocorp Launches The High-Tech 110cc Scooter - XOOM


XOOM COMES WITH THE INDUSTRY-FIRST – CORNER BEND LIGHT (HERO INTELLIGENT CORNERING LIGHTTM)

SEGMENT FIRST – BIGGER AND WIDER TYRES

FUTURISTIC DESIGN, ADVANCED TECHNOLOGY, UNMATCHED AGILITY & SUPREME COMFORT

Redefining the scooter category and charting the next phase of its tech-enabled journey in the scooter segment, Hero MotoCorp, the world’s largest manufacturer of motorcycles and scooters, today launched the new 110cc scooter – Xoom.

Meticulously designed and developed to appeal to the generation of perceptive customers who seek adventure and excitement in their everyday ride, the Xoom scooter delivers a contemporary design, supreme maneuverability, unmatched agility and extraordinary performance.

The Hero Xoom embodies a fresh new take in the 110cc category. With an industry-first feature – the Hero Intelligent Cornering Light (HiCL), and segment-first features – bigger and wider tyres and zippy acceleration in the 110cc segment, it guarantees an unparalleled mobility experience to the owners.

The Hero Intelligent Cornering LightTM (HiCL) makes its debut in the 110cc segment with Hero Xoom, providing enhanced safety for the customers. The HiCL illuminates the dark corner areas with an unrivalled bright, clear light when the rider is taking a turn or heading into curves. The rider benefits from the illumination of the corners on the road, thereby ensuring safer riding at night. 

The Xoom comes with a powerful BS-VI compliant engine that features Hero MotoCorp’s revolutionary i3S technology (Idle Stop-Start System). The new Digital Speedometer with Bluetooth connectivity and Side-Stand Engine-cut-off add to the tech profile of the scooter.

Launched in in three variants – Sheet Drum, Cast Drum and Cast Disc, Hero Xoom scooter is available at Hero MotoCorp dealerships across the country at an Introductory Price of INR 68,599 (LX -Sheet Drum), INR 71,799 (VX - Cast Drum) and INR 76,699 (ZX - Cast Drum)

*(Ex-Showroom, Delhi).

Ranjivjit Singh, Chief Growth Officer (CGO), Hero MotoCorp, said, “Over the years, Hero MotoCorp has introduced iconic brands that have captivated the nation and continue to enjoy a strong consumer connect. With the unmatched style and performance of Hero Xoom, we are turning a new leaf in our journey to redefine the scooter segment. The new Hero XOOM is an outcome of our deep understanding of the needs of young India & our commitment to introduce future-oriented technologies which will help strengthen our scooter portfolio. The ones who are looking for an exciting ride, and are at the forefront of innovation will definitely be drawn to the dynamic character of the Hero Xoom.”

Dr. Arun Jaura, Chief Technology Officer (CTO) said, “The new Hero Xoom reinstates our commitment to drive in the future of mobility. The scooter segment has witnessed an increasing preference for two-wheelers with a sporty character, and Hero Xoom hits the sweet spot with its futuristic structure, engineering play and performance. In addition to bringing the first-in-industry ‘HiCL- Hero intelligent Cornering Light’, the new scooter ups the tech quotient with the revolutionary i3S technology, LED Headlamps & Tail Lamp and Bluetooth connectivity. The Hero Xoom is a strong addition to our attractive and comprehensive portfolio of scooters.”

FUTURISTIC DESIGN WITH ‘ADVANCED LIGHTING’ PACKAGE

The all-new Hero Xoom introduces a radical new futuristic design language. Nimble and agile in traffic, yet supremely robust over tough terrain, its agility opens up a whole new world of riding experience. Extremely sporty, yet mature and comfortable, it is the perfect companion for adventures of daily riding.

The exciting lighting package - including LED Projector Headlamp, LED Tail Lamps, and industry-first “HiCL-Hero intelligent cornering light” - provides an unmistakable presence to the scooter. The signature H position head and tail lamps ensure distinct character, uniform illumination and enhanced rider safety. Bigger and Wider Tyres, Diamond Cut Alloy Wheels, Integrated Rear grip add to the distinct character of the scooter.

TECHNOLOGY AT THE CORE

Embodying the culture of innovation at Hero MotoCorp, the all-new Hero Xoom has been developed with as many as 25+ patent applications. The new scooter brings a host of exciting technologies to the category. The industry-first “HiCL-Hero intelligent cornering light” adds to the safety aspect by illuminating the blind spots while turning. Hero Xoom is programmed with ‘XSens Technology’ which helps in improving the performance, durability, safety, reliability and fuel economy. In addition, the full digital speedometer with Bluetooth Connectivity provides call (Caller ID) and SMS updates, and key alerts, such as Low Fuel Indicator, (RTMI), Phone Battery etc. Features such as the Side Stand Engine Cut Off, Boot Light and Mobile Charger in front glove box add to the safety and convenience aspects.

POWER-PACKED PERFORMANCE

The Hero Xoom comes with a 110cc BS-VI compliant engine producing a maximum power output of 8.05 BHP @ 7250 RPM and torque of 8.7 Nm @ 5750 RPM for a high-performance ride. Delivering the brand promise of performance and comfort, the new Hero Xoom comes with the i3S patented technology for enhanced convenience and higher fuel efficiency. The scooter provides instantaneous acceleration and power-on-demand at all times.

EYE-CATCHING COLOR THEMES

The Hero Xoom is available in five sporty, striking, and impressive color options. While the Sheet Drum variant is available in Polestar Blue, the Cast Drum variant is available in Polestar Blue, Black & Pearl Silver White. The Cast Disc variant is available in Polestar Blue, Black, Sports Red and Matt Abrax Orange color schemes.   

Odisha Pitches To Billionaire Tim Draper To Open ‘Draper Startup House’ In Bhubaneswar


* Startup Odisha Executive Chairman Dr. Omkar Rai and Billionaire Venture Capitalists Tim Draper mull over the prospects of escalating Startups and entrepreneurship in Odisha.

Billionaire Venture Capitalist Tim Draper and Startup Odisha Executive Chairman Dr. Omkar Rai met in Cuttack and had a comprehensive discussion on the prospects of escalating the growth of Startups and fostering entrepreneurship in Odisha and on the possibility of establishing a ‘Draper Startup House’ in Odisha. Tim Draper lauded the efforts of the State government in supporting the Startup Ecosystem. Bitcoin billionaire investor Tim Draper, known for his early bets in breakthrough tech companies like Tesla, SpaceX, Hotmail, Skype, etc. also backs startups in a big way. Discussions have begun between Tim Draper’s team and Startup Odisha on the modalities of how to take it forward.

“The startup ecosystem in Odisha is growing by leaps and bounds capitalizing on the strength of both traditional and modern sectors. Odisha is ranked among the “Top Performer States as per the Startup Ranking 2021 given by the Government of India. To further, spur the growth and support the startup ecosystem, we had a discussion regarding establishing a ‘Draper Startup House’ in Odisha. We have received a positive response and have started discussions on how we could work together. A ‘Draper Startup House’ has been established in Bengaluru and with the potential that Bhubaneswar holds in the Startup Ecosystem, the next destination can likely be Odisha’s capital.” said Dr. Rai.

‘Draper Startup House’ supports startup entrepreneurs across the world, with a vision and mission to one million entrepreneurs by 2030. Draper Startup Houses are in about 25 cities around the world and Draper is expecting to move that to 50 this year.

Tim admired the efforts of Startup Odisha and said, “Giving Incubation support to Startups is a very important job”.

Startup Odisha has taken several initiatives in the recent past like Startup Odisha Yatra, Startup Xpress to promote grassroots innovations and entrepreneurship among the students. Also, Odisha Startup Growth Fund (Fund-of-Funds) for supporting startups to scale. Startup Odisha has also initiated the concept of “Campus Ambassadors” ~ where Startup Odisha in its attempt to directly reach out to the students across campuses, and in its bid to be pervasive throughout educational institutions, universities, colleges, B-schools, etc., has identified some bright students as Campus Ambassadors who apart from being prospective startups would also add value to the Startup Ecosystem of Odisha by inspiring, sensitizing, and orienting their peers to be part of startups and encourage them for entrepreneurship.

“Odisha Government has extended all support to the Startup Ecosystem in the State and has developed O-Hub, an Incubation center that sprawls over 3.8 lakh sqft in Bhubaneswar,” informed Dr. Rai.

Photo Caption: Startup Odisha Executive Chairman and Billionaire Venture Capitalist Tim Draper.

Kankatala Hosts 2 Exclusive Handloom Exhibitions In 1 Week For Saree Connoisseurs Of Bengaluru


* Explore Handloom Marvels at Raintree on 30th Jan to 1st Feb 2023 and at The HSR Club on 3rd & 4th Feb 2023 

A legacy brand for over 79 years, Queen of Sarees – Kankatala, brings the Handwoven Sarees of India Exhibition & Sale exclusively as 2 unique exhibitions in Bengaluru. First exhibition at Raintree Sankety Road  from 30th January to 1st February 2023 and second exhibition at The HSR Club – Mayuri Hall on 3rd and 4th February 2023.

The brand will showcase the masterpiece sarees in various one-of-a-kind weaves, like Kanchipuram, Banarasi, Paithani, Organza, Patola, Jamdani, Kota, and many more handwoven weaves handpicked by Kankatala family from across 50 weaving clusters of India specially for Saree connoisseurs of Bengaluru!

Since 1943, Kankatala has been constantly working towards curating the best weaves for their patrons, and like most of their patrons; their weavers too, have been associated with them for 3 generations. This event is going to be a one-stop destination for authentic Indian handlooms. Every saree hosted at the event captures the timeless artistry that has been passed on from one generation of artisans to another and is a piece of heirloom that only a true connoisseur of Indian handloom can appreciate.

Mr. Mallikharjuna Rao Kankatala, Managing Director said, “Every season we host an exclusive exhibition across various cities in India. This festive season, we handpicked some of the best handloom sarees for our Queens of Kankatala for 2 exclusive exhibitions & sale in Bengaluru to cater to the needs of saree connoisseurs in various parts of the city.”

More Than 5 Core Indians Citizens Subscribed To Atal Pension Yojana (APY) Scheme


APY, the agshipsocial security scheme of the Government of India, which was launched on 9th May 2015, with the objective to provide old age income security to all Citizens of India, particularly to the people working in the unorganised sectors, has recently crossed the landmark of 5 crore enrolments. The scheme has done very well in the calendar year 2022 by enrolling more than 1.25 crore new subscribers in comparison to 92 lakh new subscriber’s enrolment in the calendar year 2021. 

Till date, 29 banks have alreadysurpassed the annual target allocatedby the Government of India.In the Public-sector Bank category,Bank of India, State Bank of India and Indian Bank have achieved the allocated targets, while in the Regional RuralBank (RRB) category, 21 banks have achieved the allocated targets, with the highest achievement by Jharkhand Rajya Gramin Bank, Vidharbha Konkan Gramin Bank and Baroda UP Bank.Public sector banks and RegionalRural Banks togetherhave 89% of the contribution in the total enrolments. In private bank category, TamilnadMercantile Bank has achieved the annual target. In addition to the banks, many states like Bihar, Jharkhand, Uttar Pradesh, Assam, West Bengal, Madhya Pradesh and Tripura have alsoachieved their annual targets by monitoring from their respective State Level Banker’s Committee (SLBCs). 

PFRDA, in line with the saturation drive as announcedin by Hon’ble PM in his Independence Day speech of the year 2021, took various initiatives for outreach of thescheme i.e. Launch of APY Outreach program and Town Hall meetings pan India. So far, more than 40 physicalprograms have been conducted at various locations, in co- ordination with SLBCs and RRBs. Engagement with National Rural Livelihood Mission (NRLM), State Rural Livelihood Missions (SRLMs) are being done for broadbasing of APY and enrollingmore APY subscribers. Further, many digitalinitiatives have been taken recently,like launch of digital on-boarding facility using Aadhaar,launch of podcastsfor creating awarenesson bene?ts of APY, launch of chatbotfacility for seeking basic information on APY, setting up of help desk for existing subscribers in addition to the help desk for prospective subscribers. 

Few positivetrends have been noticed in the pro?le of the subscribers as currently enrolments of females in the scheme has grown to 45% of total enrolments, in comparison to 38%, as recorded in the year 2017. Similarly, subscribers between age 18 and 25 years have grown to 45% of total enrolments, in comparison to 32% as recorded in the year 2017. As on date, total assets under management (AUM) in APY is also more than Rs. 25,000 crores. 

Under the scheme, a subscriber would receive a minimum guaranteed pension of Rs.1000to Rs.5000 per month from the age of 60 years, dependingon their contributions, which itself would vary based on the age of joining the APY. The samepension would be paid to the spouse of the subscriber after the demise of the subscriber and on the demiseof both the subscriber and spouse, the pension wealthas accumulated till age 60 of the subscriber would be returnedback to the nominee. 

This scheme is open to all Indian-citizen who are between 18 and 40 years and have savings bank accounts in a bank or post-o?ce. From 1st of October, 2022 any income tax payer is not permitted to open new APY account. As per the objective of the scheme,PFRDA is committedto take total enrolments under Atal PensionYojana to greaterheights and contribute towards making India a pensionedsociety. 

Singapore Airlines Launched Its Latest Global Brand New Campaign


Singapore Airlines (SIA) launched its latest global brand campaign, which will run on television, print, digital, out-of-home, and social media platforms. Titled “Welcome to World Class” the campaign reflects the Airline’s commitment to deliver an exceptional customer experience across the end-to-end travel journey.  

This is epitomised by SIA’s iconic cabin crew in the 90-second campaign video, which highlights their varied and personal experiences with people and cultures from around the world. The inimitable connection that they have with the Airline’s customers, along with their distinctive combination of empathy and confidence, enable SIA to deliver its world-class in-flight service on a daily basis.  

Mr Lee Lik Hsin, Executive Vice President Commercial, Singapore Airlines, said: “At Singapore Airlines, service excellence is deeply ingrained in our DNA and our customers are at the heart of everything we do. This campaign highlights our unwavering commitment to deliver a world-class travel experience, no matter the duration of the journey. Our award-winning cabin crew are central to this promise, with their rich and diverse experiences, as well as their dedication to customer service, having a positive impact on everyone around them.” 

Directed by filmmaker Liz Murphy, the uplifting video was filmed in Singapore, Auckland in New Zealand, Barcelona in Spain, Mumbai in India, and Shanghai in China. The Airline conducted in-depth research to measure its global brand perception, and used the findings to create a campaign that aims to resonate with customers around the world. SIA’s Welcome to World Class campaign video and brand advertisements are available at https://bit.ly/3XU6kdJ.  

Punjab National Bank Financial Results Were Robust With Net Profit For Q3 FY23 At Rs 629 Crore And Grew By 53.04% On QoQ Basis


Key Highlights 

Net profit for Q3 FY23 was at Rs 629 Crore and grew by 53.04% on QoQ basis. 

Operating Profit was at Rs 5716 Crore during Q3 FY23 grew by 12.61% on YoY basis. 

Global NIM improved by 23 bps to 3.16% in Q3 FY23 from 2.93% in Q3FY22. Global NIM for 9MFY23 improved by 32 bps on YoY basis. 

Net interest income increased by 17.63% YoY to Rs 9179 Crore in Q3 FY23. 

Global Gross Advances grew by 13.43% on YoY basis to Rs 856757 Crore in December’22. 

Core retail credit grew YoY by 13.54% to Rs 130421Cr in December’22. 

Global Deposits grew by 7.37% on YoY basis to Rs 1210359 Crore as at the end of December’22 as against Rs 1127317 Crore in December’21. 

GNPA ratio improved by 312 bps to 9.76% in December’22 from 12.88% in December’21. There was an improvement of 72 bps on QoQ basis. 

NNPA ratio improved by 160 bps to 3.30% in December’22 from 4.90% in December’21. There was an improvement of 50 bps on QoQ basis. 

PCR including TWO improved by 332 bps to 85.17% in December’22 from 81.85% in December’21. 

Capital Adequacy for December’22 was at 15.15% and it improved by 24 bps on YoY basis and 41 bps on QoQ basis. 

Business Performance in Key Parameters (December’22) 

Global Gross Business increased by 9.80% on YoY basis to Rs 2067116 Crore as at the end of December’22 as against Rs 1882623 Crore in December’21. 

Savings deposits grew by 4.04% to Rs 451945 Crore in December’22. 

Current deposits were at Rs 64589 Crore in December’22. 

CASA Share (Domestic) stands at 43.72% of Deposits as on December’22. 

Within Core Retail Credit: 

Housing Loan increased by 9.16% on YoY basis to Rs 78684 Crore. 

Vehicle loan increased by 39.51% on YoY basis to Rs 15404 Crore. 

Personal Loan increased by 40.40% on YoY basis to Rs 15805 Crore. 

Agriculture Advances was at Rs 138201 Crore as on December’22. 

MSME Advances was at Rs 124728 Crore as on December’22. 

As on December’22, Share of RAM is 53.94% and YoY growth is 11.20%. 

Profitability 

Net interest income was at Rs 9179 Crore for Q3FY23 and Rs 24993 Crore for 9MFY23. It grew by 17.6% and 16.8% respectively. 

Total Income of the Bank for Q3FY23 was at Rs 25722 Crore and Rs 70018 Crore for 9MFY23. It grew by 16.8% and 5.9% respectively on YoY basis. 

Total Interest Income of the Bank for Q3FY23 was at Rs 22384 Crore and Rs 61295 Crore for 9MFY23. It grew by 15.8% and 9.0% respectively on YoY basis. 

Non-interest income for Q3FY23 was at Rs 3338 Crore, grew by 23.6% on YoY basis. Fee based income was at Rs 1331 Crore for Q3FY23 and Rs 4389 Crore for 9MFY23. It grew by 8.8% and 12.8% respectively on YoY basis. 

Efficiency Ratio 

Global Cost of Deposits stood at 4.15% in Q3FY23 as compared to 3.90% in Q2FY23. 

Global Yield on Advances at 7.23% in Q3 FY23 as compared to 6.91% in Q2FY23. 

Business per employee improved to Rs 2055 lakhs in December’22 from 1883 lakh in December’21. 

Business per branch improved to Rs 20074 lakh in December’22 from 18024 lakh in December’21. 

Operating profit per employee improved to 23.1 lakh in Q3FY23 from 21.0 lakh in Q3FY22. 

Asset Quality 

Gross Non-Performing Assets (GNPA) were at Rs 83584 Crore as on December’22 as against 

Rs 97259 Crore as on December’21 declined by 14.06% on YoY basis. 

Net Non-Performing Assets (NNPA) were at Rs 26363 Crore as on December’22 as against 

Rs 33879 Crore in as on December’21 declined by 22.18% YoY basis. 

Provision Coverage Ratio Including TWO improved by 332 bps YoY to 85.17% in December’22 

Capital Adequacy 

CRAR was 15.15% for December’22. Tier-I is at 12.21% (CET-1 was at 10.84%, AT1 was at 1.37%) and Tier-II is at 2.94% as at December’22. 

Toyota Kirloskar Motor Announces Prices Of Urban Cruiser Hyryder’s CNG Variant


Toyota Kirloskar Motor (TKM) today announced the prices of the Urban Cruiser Hyryder’s CNG variants. TKM had earlier announced its foray into the CNG segment with the launch of Toyota Glanza and Urban Cruiser Hyryder in November 2022. The details of prices are as per the below table.

Commenting on the same Mr Atul Sood, Vice President, Sales and Strategic Marketing said, “The launch of the Urban Cruiser Hyryder has been a significant milestone for us, in keeping with Toyota’s quest for promoting sustainable mobility solutions. Today, it gives us immense pleasure to announce the prices of its  CNG variants for our customers, who have shown overwhelming interest in the product since the launch.

At Toyota, we are committed in making a shift towards low-carbon energy sources, with a vision to realise a ‘Carbon Neutral Society’. We are confident the competitively priced Urban Cruiser Hyryder CNG variants will encourage widespread acceptance of environment friendly technologies and provide multiple options to customer to meet their diverse requirements.”

One of first of its kind in the segment, the Urban Cruiser Hyryder is available with a factory fitted CNG kit in both S & G grades. Equipped with a Manual Transmission (MT) powertrain in both the grades, the CNG variant will be in addition to the Self-charging Strong Hybrid Electric as well as the Neo Drive variants, which are already available in the market.  

The much-anticipated SUV from TKM was launched  in July 2022. Since then, the product has received overwhelming response, thus reinforcing customers’ faith and trust in Toyota brand and its advanced technology prowess. As one of Toyota’s sustainable offerings, the new Urban Cruiser Hyryder inherits Toyota’s global SUV lineage with its bold and sophisticated styling and advanced tech features, making it a perfect choice in the segment. The Urban Cruiser Hyryder also boasts of other best in segment features including  17” Alloys, 9” Smart Playcast Touchscreen Audio, 6 Airbags, Cruise Control and Toyota i-Connect (Connected DCM -Data Communication Module) which makes the new SUV the best match for the distinct needs of an Indian car buyer.

The new CNG variant available in the Urban Cruiser Hyryder is equipped with a  1.5-liter K-series engine & 5 Speed Manual Transmission, as well as a host of awesome features to ensure top performance and a mileage of 26.6 KM/KG*

Customers can make their bookings online on www.toyotabharat.com/online-booking/ or also visit their nearest Toyota dealership. For more details, customers can simply log on to www.toyotabharat.com .

*As  certified under Rule 115(18) of CMVR 1989.

Recent Shark Tank Victor- Snitch, Partners With BharatX To Offer BNPL Option


* Snitch, an online men’s clothing brand partner’s with BharatX’s to enable BNPL for its customers via BharatX’s Shopify plug-in

* BharatX aims to enable Brands to easily offer Financing options to its consumers without having to create an in-house BNPL/EMI Division.

BharatX, an emerging white labelled credit enabler for e-commerce merchants, has today announced its partnership with Snitch - an online men’s clothing brand to offer buy now pay later services. Through the “SnitchPay” feature powered by BharatX, customers will be able to pay for their purchases in three instalments, instead of paying the entire amount at once, with no extra added cost or interest, bringing affordability and convenience to the customers.

Snitch was founded in 2019 as a B2B men’s apparel brand, which later ventured into the D2C and e-commerce fashion industry with 30 products in June 2020. It offers over 2,500 styles of fast-fashion apparel, featuring formal wear, party wear, and leisure wear among others.

Snitch is one of BharatX’s partners enabling BharatX’s white-labelled BNPL option on its checkout. BharatX will offer Pay-In-3 feature to Snitch buyers via a Shopify plug-in. The customers will only need to pay one-third of the total billing amount at the time of payment; the remaining amount can be paid over two months. The transactions will be carried out through a secure gateway and all communication will take place via WhatsApp only, without the need of visiting any other app. With this, BharatX is empowering customers with convenience, security and a smooth buying journey on Snitch’s platform. Looking ahead, BharatX plans to offer Pay-In-3 as a feature to the other e-commerce companies, D2C and Fintech Brands.

The BharatX “Pay-In-3” plug-in can be integrated in under five minutes. BharatX has one of the highest approval rates in the industry at up to 60%, a high approval rate means an increased access to credit for those who need it and deserve it the most. It is the start-up’s vision to democratise credit for the 250 million middle class Indians.

Speaking on the launch, Mehul Nath J, CEO and Co-founder, BharatX says, “We are delighted to announce our partnership with Snitch - a brand that is gaining immense popularity amongst the customers. For those wishing to purchase on Snitch, our “Pay-in-3” feature via the Shopify plug-in empowers them to fulfil their aspirations without having to worry about spending a lump sum amount at once. At BharatX, it is our aim to empower every citizen with the credit they need, and help them fulfil their desires. Our Pay-In-3 feature is making that possible; and will also be instrumental in driving more sales and enhancing the selling power for the other merchants listed on Shopify.

It is our aim to provide consumers of every large brand a premium experience like Snitch did. We are very excited to embark upon this new journey and look forward to bringing about a change with this partnership.”

Quote from Snitch’s Founding Team Member and CMO, Chetan Siyal

“The “Pay-In-3” feature provided by BharatX is a seamless way of providing our customers with a simple one-tap affordability solution. Customers can simply click on the “SnitchPay” option at the time of checkout, and without any additional documentation or formalities, they would be able access the credit feature. Buyers on Snitch will be empowered to shop for their favourite styles and apparels without paying the entire amount at once. With the ability to pay for purchases in three parts, the high approval rate by BharatX is such that even NTCs (new to credit consumers), and the overlooked yet creditworthy middle class would be able to avail this feature. The easy integration that BharatX provided was a cherry on the cake!”

BharatX provides a seamless integration of “credit-as-a-feature” into digital platforms; also called “Embedded Credit” which allows them to acquire users at much lower costs while also creating value for the platform they partner with by increasing conversion and retention. In order to complete adding the BharatX plugin to the Shopify platform the merchant needs to submit a few details about the business and in less than 5 minutes, the verification process would be complete.

About BharatX:

Founded in 2020 by Mehul Nath, Shyam Murugan, Eeshan Sharma, and Siddharth Venu, Bengaluru-based BharatX is a FinTech startup that enables Consumer facing platforms to offer Credit-as-a-Feature. BharatX operates its “Pay-in-3” in a white-labelled manner on other apps and websites. Customers can purchase multiple products and services within the partner network. Businesses can switch between different products based on their performance.BharatX offers plug-and-play credit products that can be integrated by brands, e-commerce stores, merchants and their own mobile apps. They also offer pay later for food delivery and payment apps, and postpaid features for ride-hailing apps.

India's First 100 Percent Carbon Neutral Hospital In Namma Bengaluru With An Investment Of Rs.1,200 Crores


* A 500 Bedded super specialty hospital by Ambica Medical Foundation and Research Center to come up in Bengaluru at a cost of Rs.1200 crores in association with Life Line Hospitals Group, Chennai

Shri. Rajkumar Ranjan Singh, Union Cabinet MoS, Ministry of Education & Ministry of External Affairs launched India’s first 100 percent carbon neutral hospital with a capacity of 500 beds developed by Ambica Medical Foundation and Research Center, the project will be executed by its parent company, Ambica Constructions and Contractors a Bangalore-based developer who will be   investing Rs. 1200 crores in the health care industry in association of Lifeline Hospitals Group, Chennai at a ground breaking ceremony at Kalyan Nagar, Bangalore.

Addressing the media Praveesh Kuzhipilly, CEO and Founder - Ambica Constructions and Contractors said during 1st phase of the project, land acquisition has been completed in Kalyan Nagar, Bangalore city for setting up a super speciality hospital that will have 500 beds and the facility will be a 100 percent carbon neutral hospital the first of its kind in India.  Another 50 acres of land already acquired at Kengeri for phase 2 of the above project.

"Lifeline Hospitals has been a top healthcare provider in South India and we are very happy to have associated with them on this project," Said Mr. Praveesh Kuzhapilly.

"Our mission is to set up a world-class facility that would be placed to provide ease of access and comprehensive care to everyone across this fast-growing city said Dr. J.S. Rajkumar, Chief Surgeon and MD of Lifeline Hospitals, Chennai.     

Medtronic Appoints Michael Blackwell As New VP Of Medtronic India


Medtronic plc (NYSE: MDT) recently announced the appointment of Michael Blackwell as Vice President of India Medtronic Pvt. Ltd., effective January 2023. In this role, he will be responsible for sales, marketing, and commercial operations of Medtronic’s India business. Michael will be appointed as the Managing Director of Medtronic India in due course.

Michael succeeds Madan Krishnan, who has been leading the dynamic India market and is now transitioning to a global role in the US as Vice President & CFO of Medtronic’s Medical Surgical portfolio. Over the past six years, Madan has led transformational growth initiatives for Medtronic in India and South Asia. He has advocated and supported nurturing a healthcare ecosystem where the government, healthcare community, corporates, academia, and industry associations work together to improve access to quality healthcare by introducing newer technologies, services, and solutions that ultimately lead to better patient outcomes. He was also the Chair of AdvaMed India.

Michael joined Medtronic in 2006 and has worked in various markets globally.   With a career spanning over 20 years in healthcare, he has worked across business groups of Medtronic that include Cardiovascular, Neuroscience, and Medical Surgical. In his last assignment with Medtronic, he led the Frontier Markets consisting of Indonesia, Philippines, Bangladesh, Sri Lanka, Guam, Brunei, Nepal, Maldives, Bhutan, Fiji, and New Papa Guinea.

“Michael is a seasoned executive and brings with him a diverse range of experiences across markets and therapies. He has a proven track record of driving growth spanning multiple geographies and varied market dynamics. We are confident that his insights, innovation driven mindset and strong leadership skills will help take our India business forward and strengthen Medtronic’s position as a leading healthcare technology company,” said Feng Dong, vice president, Asia Region-led Markets, Global Regions, Medtronic.

“I am excited for my new role and to be able to contribute to our mission of alleviating pain, restoring health and extending lives. Medtronic has been transforming healthcare in India for over 40 years through innovations and solutions that provide quality healthcare and improve patient outcomes.  I look forward to working with the teams and collaborating with our customers and partners to achieve greater milestones for India’s healthcare sector and better outcomes for the patients” said Michael Blackwell, vice president, Medtronic India.

Michael’s earlier assignments involved, leading the Cardiovascular group for Medtronic Canada. He has also had dual responsibilities in the United States, as the Vice President of Sales for the Advanced Surgical division, West Area and the National Hernia Lead within the Medical Surgical business group. Additional roles consisted of Director of Strategic Accounts along with multiple manager positions across Medtronic’s portfolios. 

Additionally, Michael has taken an active role in Medtronic’s Employee Resource Groups (ERG’s) to include: a leadership position in the African Descent Network (ADN), a liaison to the Asia Impact at Medtronic – Field Acceleration Resource group (AIM - FAR) and supports Accelerating and Advancing Sales Professionals through Innovation Results and Excellence (ASPIRE), a Medtronic ERG that is focused on the growth, development and success of women field employees.

Michael was born and raised in the Midwest, Topeka, Kansas (United States). He attended The American University located in Washington, DC.  Michael is passionate about travel, adventure, and the unknown. A lesser-known fact about him is that he carries Medtronic’s Hancock™ II bioprosthetic heart valve inside his chest since December 2016 through an open-heart surgery that saved his life.

Medtronic began its operations in India in the year 1979. India Medtronic Pvt. Ltd. is a wholly owned subsidiary of Medtronic Plc. It is headquartered in Mumbai.

About Medtronic

Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for all. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com and follow @Medtronic on Twitter and LinkedIn.

Manipal Institute of Communication Celebrates Their 25th Anniversary


~ Over 3000 students added to the workforce since 1997~

Manipal Institute of Communication - MIC, Manipal, a constituent arm of Manipal Academy of Higher Education (MAHE), a premier institute in the field of communication is set to celebrate its silver anniversary. Founded in 1997, the institute has completed 25 glorious years as a part of MAHE, an institute of eminence.

Scheduled for the 28th of January 2023 on the lawns of the Hotel Fortune Valley View Inn, Manipal, the event will be inaugurated by Chief Guest Mr. Harish Bijoor, Brand Guru and Founder, Harish Bijoor Consults Inc. The event will be presided over by Dr. H.S. Ballal, Pro Chancellor, MAHE, Manipal and will be attended by a host of dignitaries such as Lt. Gen (Dr.) M D Venkatesh, Vice Chancellor, MAHE, Manipal; Dr. Ranjan R Pai, Chairman, MEMG, Bengaluru and Mrs. Vasanthi R Pai, Trustee, MAHE Trust, Manipal. 

Speaking about the event, Dr Padma Rani, Director, MIC, Manipal said, “With great pride, we are celebrating 25 years of glorious journey at MIC Manipal. Over the years, our primary goal has been to provide industry focused learning to student aspiring for a career in media and communications. With our multidisciplinary curriculum, MIC has played an instrumental role in creating a talented pipeline of skilled talent for the industry. In the coming years, we will be take further steps to augment our curriculum and strengthen our alumni network”.

Commemorating the Silver Anniversary event, MIC will be hosting its alumni meet as a part of the event, where the first ever batch of students will be felicitated. Additionally, the college plans to honour all its former directors for their contribution in nurturing MIC from its grassroots to a time where it currently stands to be one of the leading communication colleges in India. The event will also feature an address by the Chief Guest as well as Guest of Honour, Lt. Gen (Dr.) M D Venkatesh, Vice Chancellor, MAHE, Manipal. Following the address, the former faculty and staff will be recognised for their work during their time at MIC. The event will conclude with cultural programme and dinner.

About Manipal Academy of Higher Education: Manipal Academy of Higher Education (MAHE), Manipal an Institution of Eminence, Deemed to be University, is a self-financing Higher Educational institution which started its operations in 1953 by establishing the first self-financing medical college, KMC Manipal, as Public Private collaboration model. Over the years various institutions have been added and finally in 1993 June, these group of institutions have been declared as a Deemed to be University by the Govt. of India. The excellent track record in academics, infrastructure and research contributions and its standing in the national and international rankings, culminated in it being declared as an Institution of Eminence Deemed to be University (IoE) by the Ministry of Education, Govt. of India, in October 2020. Presently MAHE Manipal offers 300+ programmes in 30+ streams which includes undergraduate, postgraduate and doctoral levels at its four campuses in India and one overseas campus. It has about 35000 students on its rolls. MAHE Manipal, as an IoE, is committed to provide quality higher education at affordable cost and contribute in increasing the gross enrolment rate ratio in higher education.

WebXpress Launches ‘GREENXPRESS’ Converting Emissions Into Profits


* A Cloud based tool, for dashboards for real time control on carbon emissions

WebXpress., the Global Transportation & Logistics SaaS provider today, launched a new sustainable initiative – GREENXPRESS with the aim of leveraging technology to help companies accurately measure Greenhouse Gas (GHG) footprint and find opportunities to reduce and replace the same.

Transportation accounts for over 17% of GHG emissions in world, in which the logistics and supply chain sector alone accounts for over 80% of emissions. It is tough to strike a balance between growth of the company and GHG reduction in many industries such as construction, FMCG, steel, thermal power. WebXpress, being pioneers in supply chain SaaS , has pioneered the need to reduce emissions. Launch of GREENXPRESS is the result of its deep domain understanding and its intention to take a step towards sustainability and help have a reduced CO2 emission.

Securities and Exchange Board of India (SEBI) recently published detailed guidelines for compliance with Environment, Social and Governance (ESG) for Top 1000 companies of India. In line with this announcement, the brand also launched a BRSR tool to record and automate ESG data across departments and compliance sections of FedEx, Toll Logistics, Aditya Birla Fashion and Retail, Skechers, DTDC, Patanjali, Thermo Fisher among others. This tool will in turn help regulators and investors to check the performance of companies against ESG standards.

GREENEXPRESS focuses on technology that would share a real–time dashboard that helps brands Measure, Reduce and Replace CHG emissions in transportation and warehouse network operated by them and their partners. While reduction in carbon footprint helps Transporters and shippers both profit immensely, without tools such as GreenXpress attaining emission goals and profits cannot be monitored and measured.

Commenting on the launch of two groundbreaking tools, Mr. Apurva Mankad, CEO & Founder, WebXpress said, “India is on its way to become the largest consumer of fossil fuels by 2040. GreenXpress can be integrated with an ERP, Transportation or Warehouse software to accurately measure emissions and help taking better board room decisions that could help capacity optimisation and route planning. GreenXpress has also created Software Tools to record and automate ESG data across departments and compliance sections. This launch also ensures our commitment to net zero, while enabling real action towards a greener future.”

About WebXpress:

Founded in 2004, WebXpress is a Global Transportation and Logistics SaaS provider, headquartered in Mumbai. WebXpress serves over 100 leading supply chain companies and 10,000 users. It is a globally proven solution with deployment in 8 countries in SE Asia, Middle East, and Africa. WebXpress essentially has two lines of offerings - Transportation as a service and LogiCloud: Supply chain visibility platform. WebXpress is founded by Apurva Mankad, Founder & CEO. WebXpress is a cloud-native digital logistics platform. Some of their customers are leading names such as Linfox, Agility, Madura, Toll Logistics, Snowman, Future Supply Chains, DTDC, Coldex among others. To know more, visit webxpress.in

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